BROOK HAVEN APARTMENTS INC (EIN 830357314) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

JEFF MARTINEZ

Phone

3032026340

Tax Period

2023-10-01 to 2024-09-30

BROOK HAVEN APARTMENTS INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $554K in total revenue in fiscal year 2023. Expenses of $769K exceeded revenue, resulting in a 39% operating deficit.

Mission

AFFORDABLE HOUSING FOR THE GENERAL COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $466,798

Program Service Revenue $85,645

Investment Income $0

Other Revenue $1,363

TOTAL REVENUE $553,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,626

Fundraising Expenses $0

Program Expenses $667,138

Other Expenses $728,016

TOTAL EXPENSES $768,642

Year-over-Year Comparison

	2023	2022	Change
Revenue	$553,806	$533,858	+0.0%
Expenses	$768,642	$665,400	+0.2%
Net Income	$-214,836	$-131,542	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD H MITCHELL	CHAIRMAN	0.50	Officer Director	$0	$0	$0
LARRY AUBRECHT	TREASURER	0.50	Officer Director	$0	$0	$0
WILLIAM M CHRISTOPHER	BOARD MEMBER	0.10	Director	$0	$0	$0
JENNIFER HAYNES	VICE CHAIR	0.10	Officer Director	$0	$0	$0
JOHN RINDERKNECHT	BOARD MEMBER	0.10	Director	$0	$0	$0
MARGARET TURCO	BOARD MEMBER	0.10	Director	$0	$0	$0
JANINE HALVERSON	SECRETARY	0.50	Officer Director	$0	$0	$0
KATIE MCKENNA	BOARD MEMBER	0.10	Director	$0	$0	$0
JOCELYN GARDNER	BOARD MEMBER	0.10	Director	$0	$0	$0
LYNN ARCHULETA	BOARD MEMBER	0.10	Director	$0	$0	$0
JIM TANZILLO	BOARD MEMBER	0.10	Director	$0	$0	$0
JEFF MARTINEZ	PRESIDENT	3.00	Highest	$0	$25,082	$196,200

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$553,806	$768,642	$2,507,439	$-214,836
2023	$533,858	$665,400	$2,653,264	$-131,542
2022	$535,095	$668,968	$2,822,967	$-133,873
2021	$526,476	$650,650	$2,952,600	$-124,174
2020	$527,262	$646,202	$3,244,079	$-118,940
2019	$-269,544	No data	$4,137,863	No data
2018	$16,189	No data	$1,649,462	No data

BROOK HAVEN APARTMENTS INC